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Should we have our employees sign non-disclosure agreements?

Whether or not you could benefit from using non-disclosure agreements (NDAs) depends on a number of factors, including which parties you will be sharing information with and what kind of information you have to share.

In Texas as well as in a number of other states, your trade secrets are already protected under the law to some extent. In addition, your patented, trademarked, and copyrighted information is also safe from others. However, a non-disclosure agreement can add a layer of protection to your trade secrets and protect any intellectual property that has not yet been officially registered or copyrighted.


Important Times to Utilize NDAs

  • When you are developing or inventing a new product or procedure.
  • When you are speaking with potential investors for a product or business.
  • When you are working with another company to create a new product or service.
  • When your employees will have access to information like customer purchases, financial information, and sales figures.
  • When you are working with an independent contractor who might also work for competitors.

In the best situations, a well-written NDA will keep your trade secrets and intellectual property properly guarded. In the worst situations – in which your secrets are shared, sold, or misused – an NDA gives you the ability to take legal action and possibly collect damages.

Would you like to learn more about non-disclosure agreements and the protection of company trade secrets and intellectual property? Follow The Voss Law Firm on Facebook. 

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The Voss Law Firm, P.C. represents clients on a local, national and international basis. We proudly serve companies and individuals along the Gulf Coast and around the globe on a contingency fee basis. Our law firm collects nothing unless we recover on our client's behalf.

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